The President of the Exporters' Assembly, who said "The country is sinking," has backtracked.

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Mustafa Gültepe, President of the Turkish Exporters Assembly (TİM), drew attention to the negative impact of high interest rates on the economy, stating, "The country is sinking; it is impossible for a country to survive with a 50% interest rate."

HIS WORDS MADE A BIG IMPACT

While Gültepe's words resonated widely in the public, he clarified his statements in a written statement today. Gültepe indicated that he actually wanted to emphasize that companies are in a difficult situation.

HE MADE A WRITTEN STATEMENT

In his written statement, Gültepe used the following expressions; "In the interview, I wanted to emphasize that it is difficult to increase investment, production, employment, and ultimately exports with interest rates exceeding 50%. High interest expectations negatively affect the business world, and therefore companies are under serious pressure. While explaining the issue, I mistakenly said 'the country is sinking,' but I actually meant to say 'companies are sinking.'

"OUR EFFORT TO INCREASE EXPORTS WILL CONTINUE"

Additionally, Gültepe expressed the competitive challenges faced by exporters and stated that as TİM, their efforts to contribute to the Turkish economy by increasing production, employment, and exports will continue.